TY - RPRT AU - Carrillo-Tudela, Carlos AU - Coles, Melvyn TI - Quit Turnover and the Business Cycle: A Survey PY - 2015/Sep/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 9366 UR - https://www.iza.org/publications/dp9366 AB - The focus of this chapter is to consider new developments in the search and matching literature where wages, quit turnover and unemployment are endogenously determined in economies with aggregate shocks. The aim of the discussion is not only to highlight possible market failures but also to explain how on-the-job search and employee turnover fundamentally affect our understanding of fluctuations in aggregate employment. KW - employer-to-employer transitions KW - business cycles KW - search ER -